An analytical and experimental comparison of maximal lottery schemes

Author:

Brandl Florian,Brandt FelixORCID,Stricker Christian

Abstract

AbstractMaximal lottery ($$ ML $$ ML ) schemes constitute an interesting class of randomized voting rules that were proposed by Peter Fishburn in 1984 and have been repeatedly recommended for practical use. However, the subtle differences between different $$ ML $$ ML schemes are often overlooked. Two canonical subsets of $$ ML $$ ML schemes are "Image missing" schemes (which only depend on unweighted majority comparisons) and "Image missing" schemes (which only depend on weighted majority comparisons). We prove that "Image missing" schemes are the only homogeneous $$ ML $$ ML schemes that satisfy $$ SD $$ SD -efficiency and $$ SD $$ SD -participation, but are also among the most manipulable $$ ML $$ ML schemes. While all $$ ML $$ ML schemes are manipulable and even violate monotonicity, they are never manipulable when a Condorcet winner exists and satisfy a relative notion of monotonicity. We also evaluate the frequency of manipulable preference profiles and the degree of randomization of $$ ML $$ ML schemes via extensive computer simulations. In summary, $$ ML $$ ML schemes are rarely manipulable and often do not randomize at all, especially for few alternatives. The average degree of randomization of "Image missing" schemes is consistently lower than that of "Image missing" schemes.

Funder

Deutsche Forschungsgemeinschaft

Publisher

Springer Science and Business Media LLC

Subject

Economics and Econometrics,Social Sciences (miscellaneous)

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